REGISTERED NUMBER: 11783583 (England and Wales)

UNIFI AVIATION UK, LTD

STRATEGIC REPORT, REPORT OF THE DIRECTORS AND

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

Page

Company Information

1

Strategic Report

2

Report of the Directors

4

Report of the Independent Auditors

6

Income Statement

10

Other Comprehensive Income

11

Balance Sheet

12

Statement of Changes in Equity

13

Cash Flow Statement

14

Notes to the Cash Flow Statement

15

Notes to the Financial Statements

16

DIRECTORS:

E Patterson

UNIFI Aviation Europe, LLC

S Murphy

REGISTERED OFFICE:

Up And Away Building 30

London Oxford Airport

Langford Lane

Kidlington

OX5 1RA

REGISTERED NUMBER:

11783583 (England and Wales)

SENIOR STATUTORY AUDITOR:

Jonathan Spurling FCCA

AUDITORS:

Spurling Cannon Audit Limited

424 Margate Road

Westwood

Ramsgate

Kent

CT12 6SJ

The directors present their strategic report for the year ended 31 December 2024.

REVIEW OF BUSINESS

The financial year ended 31 December 2024 was another strong year of expansion for the business. Continued strategic investment in Ground Support Equipment (GSE), employee welfare facilities, and technology infrastructure enabled us to improve operational scalability and successfully deliver a full summer season marked by elevated activity levels and an expanding customer base.

Our core ethos remains focused on delivering premium services to the commercial aviation industry as it continues to recover to pre-pandemic levels. Year after year, we have achieved significant organic growth, underpinned by the implementation of resilient systems and processes, investment in infrastructure, strong staff retention, and a commitment to high-quality training. These elements together enable us to consistently deliver efficient, high-performing services while continuing to grow our customer base.

Our key performance indicators are financially driven, with a strong focus on maintaining healthy cash flow:

- Turnover increased by 49% to £24.8m (2023: £16.6m)

- Gross profit increased by 428% to £3.7m (2023: £0.7m)

STRATEGY AND FUNDING

We continue to benefit from the support of our banking partner, HSBC, and our parent company, Unifi Holdings UK Ltd. Their expertise in commercial aviation and access to proven technology solutions strengthen our ability to pursue and secure new commercial opportunities with agility and confidence.

During the year, we made several key changes to our senior management team to align with future growth objectives and ensure the service delivery standards required under newly signed contracts. Our workforce continues to grow in line with the increasing volume of awarded contracts.

Cash flow management and cost control remain central to our financial strategy. Throughout 2024, we placed heightened focus on our resource planning-the company's largest cost area. Leveraging enhanced data analysis and new systems implementations, we have gained greater visibility and control, enabling more accurate forecasting and improved decision-making.

Looking forward, our strategy includes:

- Further expansion of our customer base through active participation in multiple RFP processes;

- Diversification of our service offering across the wider commercial aviation sector;

- The launch of several new contracts in early 2025, including planned expansion into major UK airports in Q1.

Ongoing investment in technology will continue to be a key enabler, driving both operational efficiency and innovation. It also supports our ability to meet regulatory obligations through improved analysis and compliance tools.

REGULATORY UPDATE

The Finance Act 2023 introduced the OECD BEPS Pillar Two regime to the UK for accounting periods commencing on or after 31 December 2023. Pillar Two legislation has also been enacted or substantively enacted in certain other jurisdictions in which the Group operates. The legislation will be effective for the Group's financial year beginning 1 January 2024. The Group is in scope of the enacted or substantively enacted legislation and assessed its potential exposure to Pillar Two income taxes which is based on current financial statements for the constituent entities in the Group. Based on the initial assessment, the Pillar Two effective tax rates in most of the jurisdictions in which the Group operates are above 15% and as such met the test within the Transitional CbCR Safe Harbours ("TCSH"). Pillar Two registration was completed in June 2025.

MANAGING DIRECTOR UPDATE

We remain committed to investing in our people, training, safety standards, and technology-all critical pillars for sustainable growth. While finance and service delivery remained primary operational drivers, recruitment across the aviation sector continued to pose challenges. Despite this, we have maintained our position as an employer of choice, focusing on long-term skills retention and development.

Our growth trajectory remains strong. During 2024, we incurred additional investment to position the business for further expansion in 2025, with several new commercial airline clients and operational bases scheduled to come online.

Our strategic relationship with Unifi continues to be a key catalyst for our success. Their ongoing support and investment place us in a strong position to achieve long-term growth while delivering high-end service standards across the commercial aviation industry.

ON BEHALF OF THE BOARD:

S Murphy - Director

29 September 2025

The directors present their report with the financial statements of the company for the year ended 31 December 2024.

CHANGE OF NAME

During the year, the company changed its registered name from Up & Away Aviation Services Limited to Unifi Aviation UK Ltd, effective from 1 October 2024, as recorded at Companies House.

The change of name does not affect the company's legal status or continuity, and the company remains the same legal entity. This change has been made in accordance with the provisions of the Companies Act 2006 and approved by the relevant corporate resolution.

The financial statements for the year ended 31 December 2024 have been prepared under the new name, while the prior year comparatives reflect the former name.

PRINCIPAL ACTIVITY

The principal activity of the company in the year under review was that of specialised cleaning services.

DIVIDENDS

No dividends will be distributed for the year ended 31 December 2024.

DIRECTORS

The directors shown below have held office during the whole of the period from 1 January 2024 to the date of this report.

E Patterson

UNIFI Aviation Europe, LLC

S Murphy

STATEMENT OF DIRECTORS' RESPONSIBILITIES

The directors are responsible for preparing the Strategic Report, the Report of the Directors and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the directors are required to:

-	select suitable accounting policies and then apply them consistently;

-	make judgements and accounting estimates that are reasonable and prudent;

-	prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

In accordance with Section 172 of the Companies Act 2006, the directors have considered the interests of employees in key business decisions and maintained regular engagement through staff surveys, team briefings, and open forums. Feedback gathered has informed improvements in workplace policies, wellbeing initiatives, and development programmes. These actions have supported employee satisfaction and contributed to the long-term success of the company.

STATEMENT AS TO DISCLOSURE OF INFORMATION TO AUDITORS

So far as the directors are aware, there is no relevant audit information (as defined by Section 418 of the Companies Act 2006) of which the company's auditors are unaware, and each director has taken all the steps that he ought to have taken as a director in order to make himself aware of any relevant audit information and to establish that the company's auditors are aware of that information.

AUDITORS

The auditors, Spurling Cannon Audit Limited, will be proposed for re-appointment at the forthcoming Annual General Meeting.

ON BEHALF OF THE BOARD:

S Murphy - Director

29 September 2025

Opinion

We have audited the financial statements of Unifi Aviation UK, Ltd (the 'company') for the year ended 31 December 2024 which comprise the Income Statement, Other Comprehensive Income, Balance Sheet, Statement of Changes in Equity, Cash Flow Statement and Notes to the Cash Flow Statement, Notes to the Financial Statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

-	give a true and fair view of the state of the company's affairs as at 31 December 2024 and of its loss for the year then ended;

-	have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and

-	have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.

Other information

The directors are responsible for the other information. The other information comprises the information in the Strategic Report and the Report of the Directors, but does not include the financial statements and our Report of the Auditors thereon.

Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit:

-	the information given in the Strategic Report and the Report of the Directors for the financial year for which the financial statements are prepared is consistent with the financial statements; and

-	the Strategic Report and the Report of the Directors have been prepared in accordance with applicable legal requirements.

Matters on which we are required to report by exception

In the light of the knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identified material misstatements in the Strategic Report or the Report of the Directors.

We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:

-	adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or

-	the financial statements are not in agreement with the accounting records and returns; or

-	certain disclosures of directors' remuneration specified by law are not made; or

-	we have not received all the information and explanations we require for our audit.

Responsibilities of directors

As explained more fully in the Statement of Directors' Responsibilities set out on page four, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the directors are responsible for assessing the company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the company or to cease operations, or have no realistic alternative but to do so.

Auditors' responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

Our approach to identifying and assessing the risks of material misstatement in respect of irregularities, including fraud and non-compliance with laws and regulations, was as follows:-

- The engagement partner ensured that the engagement team collectively had the appropriate competence, capabilities and skills to identify or recognise non-compliance with applicable laws and regulations;

- We identified the laws and regulations applicable to the company through discussions with directors and other management, and from our commercial knowledge and experience of the business sector;

- We focused on specific laws and regulations which we considered may have a direct material effect on the financial statements or the operations of the company, including the Companies Act 2006, taxation, and legislation data protection, anti-bribery, employment and health and safety legislation;

- We assessed the extent of compliance with the laws and regulations identified above through making enquiries of management;

- Identified laws and regulations that were communicated within the audit team regularly and the team remained alert to instances of non-compliance throughout the audit.

We assessed the susceptibility of the company's financial statements to material misstatement, including obtaining an understanding of how fraud might occur, by:

- Making enquiries of management as to where they considered there was susceptibility to fraud, their knowledge of actual, suspected and alleged fraud;

- Considering the internal controls in place to mitigate risks of fraud and non-compliance with laws and regulations.

To address the risk of fraud through management bias and override of controls, we:

- Performed analytical procedures to identify any unusual or unexpected relationships;

- Assessed whether judgements and assumptions made in determining the accounting estimates were indicative of potential bias; and

Investigated the rationale behind significant or unusual transactions.

In response to the risk of irregularities and non-compliance with laws and regulations, we designed procedures which included but were not limited to:

- Agreeing financial statement disclosures to underlying supporting documentation;

- Enquiring of management as to actual and potential litigation and claims.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Auditors.

Use of our report

This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters we are required to state to them in a Report of the Auditors and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members as a body, for our audit work, for this report, or for the opinions we have formed.

Jonathan Spurling FCCA (Senior Statutory Auditor)

for and on behalf of Spurling Cannon Audit Limited

424 Margate Road

Westwood

Ramsgate

Kent

CT12 6SJ

29 September 2025

TURNOVER

24,772,724

16,609,419

Cost of sales

(21,118,114

)

(15,920,524

)

GROSS PROFIT

3,654,610

688,895

Administrative expenses

(4,431,048

)

(3,593,430

)

(776,438

)

(2,904,535

)

Other operating income

5,892

(6,065

)

OPERATING LOSS

4

(770,546

)

(2,910,600

)

Interest receivable and similar income

-

20

(770,546

)

(2,910,580

)

Interest payable and similar expenses

5

(38,437

)

(272,910

)

LOSS BEFORE TAXATION

(808,983

)

(3,183,490

)

Tax on loss

6

-

-

LOSS FOR THE FINANCIAL YEAR

(808,983

)

(3,183,490

)

LOSS FOR THE YEAR

(808,983

)

(3,183,490

)

OTHER COMPREHENSIVE INCOME

-

-

TOTAL COMPREHENSIVE INCOME FOR THE YEAR

(808,983

)

(3,183,490

)

FIXED ASSETS

Tangible assets

7

2,985,926

2,153,729

CURRENT ASSETS

Stocks

8

410,535

419,444

Debtors

9

3,847,054

3,410,982

Cash at bank

511,080

29,104

4,768,669

3,859,530

CREDITORS

Amounts falling due within one year

10

(12,852,943

)

(10,504,861

)

NET CURRENT LIABILITIES

(8,084,274

)

(6,645,331

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(5,098,348

)

(4,491,602

)

CREDITORS

Amounts falling due after more than one year

11

(202,237

)

-

NET LIABILITIES

(5,300,585

)

(4,491,602

)

CAPITAL AND RESERVES

Called up share capital

14

100

100

Retained earnings

15

(5,300,685

)

(4,491,702

)

SHAREHOLDERS' FUNDS

(5,300,585

)

(4,491,602

)

The financial statements were approved by the Board of Directors and authorised for issue on 29 September 2025 and were signed on its behalf by:

S Murphy - Director

E Patterson - Director

UNIFI Aviation Europe, LLC - Director

Called up

share

Retained

Total

capital

earnings

equity

£

£

£

Balance at 1 February 2023

100

(1,308,212

)

(1,308,112

)

Changes in equity

Total comprehensive income

-

(3,183,490

)

(3,183,490

)

Balance at 31 December 2023

100

(4,491,702

)

(4,491,602

)

Changes in equity

Total comprehensive income

-

(808,983

)

(808,983

)

Balance at 31 December 2024

100

(5,300,685

)

(5,300,585

)

Cash flows from operating activities

Cash generated from operations

1

(1,582,497

)

(2,642,417

)

Interest paid

(51

)

(64,325

)

Interest element of hire purchase payments paid

(38,386

)

(208,585

)

Tax paid

-

(25,758

)

Net cash from operating activities

(1,620,934

)

(2,941,085

)

Cash flows from investing activities

Purchase of tangible fixed assets

(1,319,081

)

(303,300

)

Sale of tangible fixed assets

52,937

-

Interest received

-

20

Net cash from investing activities

(1,266,144

)

(303,280

)

Cash flows from financing activities

Loans advance in year

3,102,431

4,936,803

Loan repayments in year

-

(366,666

)

Hire purchase advance

274,872

(1,388,833

)

Amount introduced by directors

-

99,208

Amount withdrawn by directors

(8,249

)

(13,555

)

Net cash from financing activities

3,369,054

3,266,957

Increase in cash and cash equivalents

481,976

22,592

Cash and cash equivalents at beginning of year

2

29,104

6,512

Cash and cash equivalents at end of year

2

511,080

29,104

1.	RECONCILIATION OF LOSS BEFORE TAXATION TO CASH GENERATED FROM OPERATIONS

PERIOD

1/2/23

YEAR ENDED

TO

31/12/24

31/12/23

£

£

Loss before taxation

(808,983

)

(3,183,490

)

Depreciation charges

447,941

294,113

Profit on disposal of fixed assets

(13,995

)

-

Finance costs

38,437

272,910

Finance income

-

(20

)

(336,600

)

(2,616,487

)

Decrease/(increase) in stocks

8,909

(16,730

)

Increase in trade and other debtors

(436,071

)

(477,438

)

(Decrease)/increase in trade and other creditors

(818,735

)

468,238

Cash generated from operations

(1,582,497

)

(2,642,417

)

2.	CASH AND CASH EQUIVALENTS

The amounts disclosed on the Cash Flow Statement in respect of cash and cash equivalents are in respect of these Balance Sheet amounts:

Year ended 31 December 2024

31/12/24

1/1/24

£

£

Cash and cash equivalents

511,080

29,104

Period ended 31 December 2023

31/12/23

1/2/23

£

£

Cash and cash equivalents

29,104

6,512

3.	ANALYSIS OF CHANGES IN NET DEBT

At 1/1/24

Cash flow

At 31/12/24

£

£

£

Net cash

Cash at bank

29,104

481,976

511,080

29,104

481,976

511,080

Debt

Finance leases

-

(274,872

)

(274,872

)

Debts falling due within 1 year

(4,936,803

)

(3,102,431

)

(8,039,234

)

(4,936,803

)

(3,377,303

)

(8,314,106

)

Total

(4,907,699

)

(2,895,327

)

(7,803,026

)

1.	STATUTORY INFORMATION

Unifi Aviation UK, Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" ("FRS 102") and the requirements of the Companies Act 2006.

The financial statements are prepared in GBP, which is the functional currency of the company. Monetary

amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. unless otherwise specified within these accounting policies. The principal accounting policies adopted are set out below.

Going concern

At the time of approving the financial statements, the directors have a reasonable expectation that the group has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.

Judgements and key sources of estimation uncertainty

In the application of the company's accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are relevant. Actual results may differ from these estimates. The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Improvements to property - 20% on cost

Plant and machinery - 33% on cost, 20% on cost, 10% on cost

Fixture & Fittings - 33% on cost, 20% on cost

Motor vehicles - 20% on cost

Computer equipment - 20% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments

The company has elected to apply the provisions of Section 11 'Basic Financial Instruments and Section 12 'Other Financial Instruments Issues' of FRS 102 to all its financial instruments. Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument. Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Impairment of fixed assets

At each reporting period end date, the company reviews the carrying amounts of its fixed asset investments to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

Recoverable amount is the higher of fair value less costs to sell and value in use. In assessing value in use, the estimated future cash flows are discounted to their present value using a pre-tax discount rate that reflects current market assessments of the time value of money and the risks specific to the asset for which the estimates of future cash flows have not been adjusted.

If the recoverable amount of an asset (or cash-generating unit) is estimated to be less than its carrying amount, the carrying amount of the asset (or cash-generating unit) is reduced to its recoverable amount. An impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the impairment loss is treated as a revaluation decrease.

3.	EMPLOYEES AND DIRECTORS

PERIOD

1/2/23

YEAR ENDED

TO

31/12/24

31/12/23

£

£

Wages and salaries

16,737,208

9,373,162

Social security costs

1,390,499

802,574

Other pension costs

245,389

139,838

18,373,096

10,315,574

The average number of employees during the year was as follows:

PERIOD

1/2/23

YEAR ENDED

TO

31/12/24

31/12/23

Directors

1

1

Employees

736

424

737

425

PERIOD

1/2/23

YEAR ENDED

TO

31/12/24

31/12/23

£

£

Directors' remuneration

187,000

35,444

4.	OPERATING LOSS

The operating loss is stated after charging/(crediting):

PERIOD

1/2/23

YEAR ENDED

TO

31/12/24

31/12/23

£

£

Depreciation - owned assets

447,942

294,115

Profit on disposal of fixed assets

(13,995

)

-

5.

INTEREST PAYABLE AND SIMILAR EXPENSES

PERIOD

1/2/23

YEAR ENDED

TO

31/12/24

31/12/23

£

£

Bank loan interest

-

46,832

HMRC interest

51

17,493

Hire purchase

38,386

208,585

38,437

272,910

6.

TAXATION

Analysis of the tax charge

No liability to UK corporation tax arose for the year ended 31 December 2024 nor for the period ended 31 December 2023.

7.	TANGIBLE FIXED ASSETS

Improvements

to

Plant and

Fixture &

property

machinery

Fittings

£

£

£

COST

At 1 January 2024

167,791

2,075,472

76,465

Additions

-

653,331

21,640

Disposals

-

(78,158

)

-

At 31 December 2024

167,791

2,650,645

98,105

DEPRECIATION

At 1 January 2024

51,003

293,575

33,872

Charge for year

33,337

299,774

13,319

Eliminated on disposal

-

(43,996

)

-

At 31 December 2024

84,340

549,353

47,191

NET BOOK VALUE

At 31 December 2024

83,451

2,101,292

50,914

At 31 December 2023

116,788

1,781,897

42,593

Motor

Computer

vehicles

equipment

Totals

£

£

£

COST

At 1 January 2024

264,418

22,988

2,607,134

Additions

619,398

24,712

1,319,081

Disposals

(6,995

)

-

(85,153

)

At 31 December 2024

876,821

47,700

3,841,062

DEPRECIATION

At 1 January 2024

66,099

8,856

453,405

Charge for year

95,854

5,658

447,942

Eliminated on disposal

(2,215

)

-

(46,211

)

At 31 December 2024

159,738

14,514

855,136

NET BOOK VALUE

At 31 December 2024

717,083

33,186

2,985,926

At 31 December 2023

198,319

14,132

2,153,729